The Security of Payment Act – Technicalities and Practicalities

vent code: 79082

INTRODUCTION
The Security of Payment Act facilitates payments for construction work done or for related goods/services supplied in the building and construction industry. It aims to improve cash flow in the construction industry by giving parties the right to seek progress payments for work done, and to provide quick and low-cost resolution of payment disputes through adjudication.

OBJECTIVES
The course provides an overview of the key essentials in the Security of Payment legislation. It aims to enhance participants’ understanding on the mechanism, requirements and considerations of the Security of Payment Act and discusses payment issues typically encountered in building and construction projects.

LECTURER
MR PALLIPURATHU GOPINATHAN ROY is currently a Senior Manager for a Fortune 500 multinational construction company. For the last 20 years, he has been involved in all facets of commercial, contractual and dispute management for building and civil engineering works in Singapore. His portfolio of dispute avoidance and resolution, commercial management, procurement advice and contract management experience spans a wide variety of complex building, engineering, tunnelling and infrastructure projects. He is known as a leading contracts practitioner in the local construction industry with profound knowledge of the field. Roy is regularly identified by his peers as a heavyweight in contracts administration with a bona fide reputation. He has a distinctive approach and knack for interpreting the provisions of the contract and displays great acumen in this field. He is well positioned to advise the top management on all aspects of construction and project work from inception to completion, including the drafting of various forms of construction and project documentation.